Bankers give DBS vote of confidence

By GlobalCapital
11 Aug 2016

Increased provisioning and DBS’ high exposure to Swiber has raised some questions about the bank’s handling of the problem and the overall quality of Singaporean lenders’ portfolios, considering their local market is heavily composed companies in cyclical sectors such as oil and gas.

But syndicated loans bankers close to the Singapore market felt the outcome did not call DBS’ lending practices into question.

“I think in large part Singapore banks’ large exposure to oil and gas is symptomatic of its larger economy, where that sector dominates,” said a banker who previously worked ...

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